Stocks were set to open slightly higher on Friday with a barren economic calendar providing few catalysts, as Boeing was expected to rise after the planemaker said it will accelerate some production.
Shares of Boeing Co
Bank shares may entice investors after bailed-out British lender Lloyds Banking Group Plc
The European Union's monetary affairs chief urged the bloc's leaders to agree on a standby aid package for Greece next week, but investors fear German reluctance could hinder the effort.
Health-sector stocks will also be in focus as a defining Congressional vote on an overhaul of the healthcare system looms.
It's going to be interesting to see how sentiment evolves during the day regarding the healthcare reform, particularly in the health insurers, said Craig Peckham, equity trading strategist at Jefferies & Co in New York.
He said the behavior of the U.S. dollar in response to developments in Greece could bring volatility to the market, but he expects a relatively quiet start.
S&P 500 futures rose 1.4 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 17 points, and Nasdaq 100 futures added 4.5 points.
Separately, Google may make an announcement next Monday about whether it will pull out from China, the China Business News reported, quoting a source.
Google shares edged down 0.6 percent to $563 in premarket trading and Baidu Inc
Oil fell below $82 a barrel, extending Thursday's losses, as the U.S. dollar held onto gains against the euro amid worries over Greece's debt woes, and a rise in OPEC exports loomed.
Volume has been thin during the week and volatility has dropped considerably, with the CBOE Volatility Index <.VIX>
down 5.5 percent so far this week and falling to its lowest since May 2008.
Friday marks the second day of a convergence known as quadruple witching, when four types of options and futures contracts expire, possibly triggering volatility and higher volumes.
The Dow industrials rose for an eighth consecutive session Thursday, led by a rise in Boeing Co's
(Editing by Jeffrey Benkoe)